In a filing, Douglas Emmett Inc revealed its Director SIMON WILLIAM E JR acquired Company’s shares for reported $0.59 million on Jun 10 ’24. In the deal valued at $13.15 per share,45,000 shares were bought. As a result of this transaction, SIMON WILLIAM E JR now holds 45,000 shares worth roughly $0.9 million.
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Scotiabank upgraded its Douglas Emmett Inc [DEI] rating to a Sector outperform from a a Sector perform in a research note published on November 14, 2024; the price target was increased to $21 from $16. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early January from “an Underperform” to “a Hold”. Wedbush began covering DEI with “Neutral” recommendation on October 03, 2023. KeyBanc Capital Markets started covering the stock on September 12, 2023. It rated DEI as “a Sector weight”.
Price Performance Review of DEI
On Monday, Douglas Emmett Inc [NYSE:DEI] saw its stock jump 1.90% to $19.89. Over the last five days, the stock has gained 3.32%. Douglas Emmett Inc shares have risen nearly 37.17% since the year began. Nevertheless, the stocks have risen 40.07% over the past one year. While a 52-week high of $19.80 was reached on 12/09/24, a 52-week low of $12.35 was recorded on 02/13/24. SMA at 50 days reached $18.50, while 200 days put it at $15.37.
Levels Of Support And Resistance For DEI Stock
The 24-hour chart illustrates a support level at 19.60, which if violated will result in even more drops to 19.30. On the upside, there is a resistance level at 20.23. A further resistance level may holdings at 20.56. The Relative Strength Index (RSI) on the 14-day chart is 65.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.90%. Stochastics %K at 79.60% indicates the stock is a holding.
How much short interest is there in Douglas Emmett Inc?
A steep rise in short interest was recorded in Douglas Emmett Inc stocks on 2024-11-15, dropping by -1.12 million shares to a total of 17.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 18.42 million shares. There was a decline of -6.48%, which implies that there is a negative sentiment for the stock.
